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About this property

Landmark Ocean Avenue Development Opportunity 3,294.6 sqm prestige landholding R3 zoning + NSW Low & Mid-Rise Housing uplift Potential 8-storey outcome (with in-fill affordable) capturing north-facing harbour views A rare opportunity to secure one of Double Bay's most substantial, tightly held and exceptionally quiet development sites. 55, 57 & 63 Ocean Avenue presents a blue-chip foundation for a landmark residential address within Sydney's most prestigious harbourside village. Spanning an expansive 3,294.6 sqm consolidated holding, the site directly benefits from the NSW Government's Low & Mid-Rise Housing Policy, delivering enhanced height and FSR allowances and enabling a project of genuine scale in a suburb where new development opportunities of this magnitude are extraordinarily scarce. Importantly, the site enjoys a uniquely peaceful setting. Positioned within a leafy residential pocket and set well back from the vibrancy of the village core, future residences will benefit from an ultra-quiet environment - a highly prized attribute for owner-occupiers in this market. This rare sense of calm and privacy, combined with immediate proximity to lifestyle amenity, will translate directly into strong end-user demand and pricing resilience. Located approximately 175 metres level walk from Double Bay Village and moments to the harbour foreshore, the address delivers effortless access to world-class dining, boutique retail, cafés, ferry transport and waterfront parklands - all while retaining a tranquil residential atmosphere seldom found so close to the centre. With indicative development capacity of up to 9,420 sqm GFA (STA), potential for an 8-storey outcome (subject to approvals) and the opportunity to capture prized north-facing harbour views, Ocean Avenue represents a high-conviction proposition for developers seeking scale, planning upside and long-term value in a tightly held blue-chip enclave. 55, 57 & 63 Ocean Avenue, Double Bay offers: - Substantial 3,294.6 sqm consolidated landholding - Concept plans prepared by MHNDU (available within the IM) - R3 Medium Density Residential zoning benefiting from LMR policy uplift - FSR up to 2.2:1 with potential bonus provisions and height controls up to 22m+ - Potential 8-storey residential outcome (STA) - Approx. 175m level walk to Double Bay Village - Ultra-quiet, leafy residential pocket removed from village traffic - Strong demand profile from local downsizers, empty-nesters, executives and offshore buyers - Excellent connectivity via ferry, bus routes and Edgecliff Station - Rare opportunity to deliver boutique high-end apartments in a blue-chip harbour suburb - Limited competing sites of comparable scale within Double Bay The site is ideally positioned to capture Double Bay's established buyer demographic - predominantly local owner-occupiers seeking refined, lock-and-leave living in a peaceful yet central setting - supported by sustained demand from interstate and international purchasers. With its scale, planning advantages, serenity and walkable lifestyle credentials, Ocean Avenue stands apart as one of the Eastern Suburbs' most compelling residential development opportunities. *STA (Subject to approval)

Property Features

Location & Nearby

Approximate location shown. Contact agent for exact address.